Step-by-Step Process for Evaluating a Flip:Find the Deal: Use platforms like MLS, foreclosure auctions, or network with wholesalers.Run the Numbers: The 70% Rule is a good starting point.

Forgive me if im being a bit forward: would you be willing to give some sort of tips/guidance of the process ypu went through from start to finish?

There is nothing about how long you need to occupy the property for.So unless our lender puts a demand on us I see no problems legally in occupying each property for any amount of time to fulfill the requirement, then rinse and repeating this process up to our full entitlements, so long as the lender is willing to keep giving us loans.

Your property manager is huge.

I’d love your insights on how best to utilize my LLC in this process.

I invest out of state in Pittsburgh from DC and self-manage everything, but it's taken me years to establish the right contacts, develop seamless processes etc. that allow me to handle everything remotely with confidence.

Would love to learn how the rest of your SB-9 process went.  

I am in the process of buying a single family rental, and will be inheriting the tenant, who is on section 8.

Please let me know if you find a good process So far, it has been setting up searches on LoopNet, Crexi, BizBuySell, and checking out Zillow with keywords like "Cabin, cabins, resort, resorts, multiple, venue, campground" That has helped me find some that I reach out to.

I am admittedly a newb in the process of getting all of this set up for my first rental (so correct me if I'm wrong) as well but I have some IL-specific perspective to offer: From what I have read, as of 1 Jan 2024 in IL, landlords cannot exclusively accept EFT payment of rents (includes Venmo, Zelle, etc.) for leases starting on or after that date.